Quantum Source Raises $50M to Advance Photonic Quantum Computing
Quantum Source, a leading innovator in photonic quantum computing, has secured $50 million in a Series A funding round to accelerate the development of its groundbreaking technology. Moreover, the round was led by Eclipse, with participation from Standard Investments, Level VC, and Canon Equity, alongside existing investors Pitango First, Grove Ventures, 10D, and Dell Technologies Capital. This latest funding brings the company’s total capital raised to $77 million, further solidifying its position in the quantum computing landscape.
Driving the Future of Quantum Computing
Quantum computing represents a paradigm shift in computational power, with the potential to revolutionize industries such as drug discovery, materials science, cybersecurity, and artificial intelligence. While photonic quantum computing is one of the most promising approaches for achieving scalable and commercially viable quantum systems, one of the biggest challenges has been the inefficiency in creating entangled photonic states. Quantum Source is directly tackling this challenge, paving the way for more practical and scalable quantum computing solutions.
A Team of Industry Pioneers
Founded in 2021, Quantum Source is led by semiconductor industry veterans and serial entrepreneurs, including:
- Oded Melamed (CEO) – Formerly the co-founder and CEO of Altair Semiconductor
- Gil Semo (VP R&D) – An expert in quantum technologies and optical engineering
- Dan Charash (Chairman) – A seasoned entrepreneur and investor in deep tech
- Professor Barak Dayan (Chief Scientist) – A globally recognized leader in quantum optics
Scaling Quantum Innovation
With this new investment, Quantum Source plans to enhance its engineering capabilities and accelerate the commercialization of quantum solutions. As quantum computing continues to evolve, the company is well-positioned to drive breakthroughs that will shape the future of technology and computing.
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